Atria Investments Inc Decreases Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Atria Investments Inc lowered its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 859 shares of the construction company’s stock after selling 138 shares during the quarter. Atria Investments Inc’s holdings in Cavco Industries were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CVCO. Capital World Investors lifted its stake in shares of Cavco Industries by 2.9% in the first quarter. Capital World Investors now owns 605,925 shares of the construction company’s stock worth $241,800,000 after buying an additional 17,125 shares in the last quarter. Boston Trust Walden Corp lifted its position in Cavco Industries by 0.8% during the second quarter. Boston Trust Walden Corp now owns 196,046 shares of the construction company’s stock valued at $67,865,000 after purchasing an additional 1,541 shares during the period. Assenagon Asset Management S.A. lifted its position in Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock valued at $26,052,000 after purchasing an additional 57,278 shares during the period. Ashford Capital Management Inc. lifted its position in Cavco Industries by 0.5% during the first quarter. Ashford Capital Management Inc. now owns 58,180 shares of the construction company’s stock valued at $23,217,000 after purchasing an additional 310 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Cavco Industries by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company’s stock valued at $24,832,000 after buying an additional 800 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CVCO shares. Craig Hallum increased their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wedbush raised their target price on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

Insider Buying and Selling

In other news, Director Julia Sze sold 125 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the transaction, the director now owns 2,861 shares in the company, valued at $1,312,283.48. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Paul Bigbee sold 88 shares of Cavco Industries stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at approximately $433,913.40. This represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,213 shares of company stock valued at $1,729,458 over the last three months. 1.60% of the stock is currently owned by company insiders.

Cavco Industries Trading Up 3.9 %

Shares of CVCO stock opened at $493.96 on Friday. The company’s 50-day moving average price is $437.37 and its 200-day moving average price is $396.14. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 27.92 and a beta of 1.24. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $500.16.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The business had revenue of $507.46 million for the quarter, compared to analysts’ expectations of $480.10 million. During the same quarter in the prior year, the company earned $4.76 earnings per share. As a group, equities research analysts predict that Cavco Industries, Inc. will post 18 EPS for the current year.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.